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Author Topic: GHash.IO and double-spending against BetCoin Dice  (Read 107027 times)
gigalew
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June 16, 2014, 03:20:07 AM
 #241

If CEX can double spend, or 51% attack or whathave you......the problem seems to be with bitcoin itself, not any one user. CEX seem to be good guys, what happens if bad guys develop the same power.
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June 16, 2014, 04:08:27 AM
 #242

If CEX can double spend, or 51% attack or whathave you......the problem seems to be with bitcoin itself, not any one user. CEX seem to be good guys, what happens if bad guys develop the same power.

Good or Bad, they are subject to coercion.
Centralization of power is bad for bitcoin, it destroys its value, it adds trust relationships where they don't belong.

CEX is unwise for allowing themselves to get to this point, that alone, even if it doesn't make them "bad" and "untrustworthy", they need to be better than this.
They do not have the power to resist the coercive forces at play in the world, and either have too much hubris to see the truth of that, or are already compromised.  Either way, there are evidently necessary improvements needed.  Yes, in the protocol, as well as in the wisdom and responsibility of those that would hold its reins.

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JypsiCreme
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June 16, 2014, 05:31:32 AM
 #243

Why don't just fund a pool ? We have a lof of new millionaires in dollars with BTC.
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June 16, 2014, 10:24:06 AM
 #244

centralization of mining pools are not a technical problem, its a people problem
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June 16, 2014, 10:51:19 AM
 #245

We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights.
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June 16, 2014, 03:16:12 PM
 #246

We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights.

And eliminate pools ! Smiley F U multi pools ! Grin

I've been mulling this over for some time now..


When you say, "pool op can screw you in many ways", do you mean things like :
- alternate payout addys
- "orphans"
- blocks that pay out 10% of normal reward
- extremely high minimum share difficulty
- extremely fast share expiry rate ect..

Can you tell that I've had my fill ? heh...

Are there any plans to integrate P2P with the client ?

Make it 'turn key' and us noobs Tongue (f the morons Grin ) will flock to Anoncoin. lol

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June 16, 2014, 03:21:45 PM
 #247

We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights.

And eliminate pools ! Smiley F U multi pools ! Grin

I've been mulling this over for some time now..


When you say, "pool op can screw you in many ways", do you mean things like :
- alternate payout addys
- "orphans"
- blocks that pay out 10% of normal reward
- extremely high minimum share difficulty
- extremely fast share expiry rate ect..

Can you tell that I've had my fill ? heh...

Are there any plans to integrate P2P with the client ?

Make it 'turn key' and us noobs Tongue (f the morons Grin ) will flock to Anoncoin. lol
Well yes, I just don't know why this isn't being worked on more quickly. Pools were never needed IMO.

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June 16, 2014, 04:19:26 PM
 #248

centralization of mining pools are not a technical problem, its a people problem

In my experience it is easier to fix technology than to fix people.
Make the technology easier (such as adding the p2p pool options to cgminer and guiminer as suggested above) and that fixes lots of people, when the issues are understood.

Adding in merge mining options, and other profit generating activities that the pools can offer and it become easier and more rewarding.

People are more inclined to do the right thing when the right thing is not too hard for them, and doesn't cost too much.



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ShakyhandsBTCer
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June 16, 2014, 05:39:48 PM
 #249

We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights.

Some people that have money to invest in miners are less technically inclined and might not be comfortable using a program that only uses "command lines"

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June 19, 2014, 08:09:28 PM
 #250

We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights.

Some people that have money to invest in miners are less technically inclined and might not be comfortable using a program that only uses "command lines"



I agree that having a GUI is useful to those who are less technically inclined however I also agree that Command Line is a good as well as you don't have to worry about the GUI resource requirements on the OS not to mention the automation that you can put in place if a GUI was not required.

I have looked into P2Pool lately and I absolutely believe that is a possible solution especially if it was integrated with the popular miners. I just wish the over all hash rate of the P2Pool network was higher to make it more profitable to mine...
ShakyhandsBTCer
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June 20, 2014, 12:10:52 AM
 #251

We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights.

Some people that have money to invest in miners are less technically inclined and might not be comfortable using a program that only uses "command lines"



I agree that having a GUI is useful to those who are less technically inclined however I also agree that Command Line is a good as well as you don't have to worry about the GUI resource requirements on the OS not to mention the automation that you can put in place if a GUI was not required.

I have looked into P2Pool lately and I absolutely believe that is a possible solution especially if it was integrated with the popular miners. I just wish the over all hash rate of the P2Pool network was higher to make it more profitable to mine...

You could use a GUI that could display the output that your command line program would display in a more "user friendly" format. The GUI could also change settings that you would need to type manually in your command line program. The command line verson of the program could then run in the background and the GUI would only need to be open when the user is interacting and/or watching it.
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June 21, 2014, 11:32:13 AM
 #252

Having both a CLI and GUI, everyone could choose.
Why argue against the creation of such a choice, easier to just write it.

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June 21, 2014, 06:37:05 PM
 #253

Anyone using Ghash.io at this point is NOT helping bitcoin.
Hippie Tech
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June 22, 2014, 02:05:42 AM
 #254

Whats up with the addy pools ?

http://blockchain.info/pools?timespan=24hrs

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June 23, 2014, 11:06:40 AM
 #255

Everything I read about this did seem fishy and looked to check out.
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June 23, 2014, 11:31:15 PM
 #256

Blockchain.info is openly accepting submits.
Hope those are curated.
https://twitter.com/aantonop/status/480033600872914945

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ShakyhandsBTCer
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June 24, 2014, 02:55:40 AM
 #257

Whats up with the addy pools ?

http://blockchain.info/pools?timespan=24hrs
It looks like these pools are "unknown" pools but all of the mining proceeds are being sent to the same address.

It appears that blockchain.info is trying to make their pool stats more accurate.
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